194Q section.

This discussion clarifies the applicability of Section 194Q regarding Tax Deducted at Source (TDS) on purchases. The key point is that Section 194Q applies if a buyer's turnover in the immediately preceding financial year exceeded Rs. 10 crore, and their aggregate purchases from a single vendor during the current financial year exceed Rs. 50 lakh. If the buyer's preceding year turnover is Rs. 10 crore or less, Section 194Q is not applicable, regardless of the purchase amount from a single vendor.